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FINANCIAL NEWS
Oman to work on Duqm sebacic acid plant in Q1 2016
16 Dec 2015
(MENAFN) Building work on the Middle East’s sebacic acid plant will start at a site allocated within the Duqm Special Economic Zone (SEZ) in the coming year.
Accordingly, the USD 63mn project, sponsored jointly by Omani and Indian financiers, as a “good example” of Duqm’s appeal as a destination for foreign direct investment (FDI).
The project is planned to be improved in two phases, the first one will create as many as 450 jobs, while the second one will add almost 250 jobs to the workforce.
Moreover, Sebacic acid and its products have a variety of industrial uses in plasticizers, Lubricants, cosmetics and so on, and it also used as an intermediate for aromatics, antiseptics.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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